REG - IOG PLC - Director/PDMR Shareholding

IogAnnouncement

01/06/2022 15:30

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RNS Number : 6273N  IOG PLC  01 June 2022

1 June 2022

 

IOG plc

 

Director/PDMR Shareholding

 

IOG plc ("IOG", or "the Company"), (AIM: IOG.L), the Net Zero UK gas and
infrastructure operator focused on high return projects, announces that, on 1
June 2022, Andrew Hockey, CEO of the Company, bought 90,000 ordinary shares of
1 pence each in the Company ("Ordinary Shares") at a price of 23.85 pence per
Ordinary Share.

 

Following this purchase, Andrew Hockey will hold 920,729 Ordinary Shares,
representing approximately 0.18% per cent. of the Company's voting rights.

 

Further information is set out in the PDMR disclosure table below.

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Andrew Hockey
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer
 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         IOG plc
 b)   LEI                                                          2138005OA2NLZS2NRT74
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  IOG plc Ordinary Shares of 1p each

      Identification code                                          ISIN: GB00BF49WF64

 b)   Nature of the transaction                                    Purchase of Ordinary Shares
 c)   Price(s) and volume(s)                                       Price(s)                          Volume(s)
      23.85p                                                                                         90,000
 d)   Aggregated information                                       Purchase of 90,000 Ordinary Shares at 23.85p per Ordinary Share

 e)   Date of the transactions                                     1 June 2022
 f)   Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

 

Enquiries:

 

 IOG plc                                            +44 (0) 20 7036 1400

 Andrew Hockey (CEO)

 Rupert Newall (CFO)

 James Chance (Head of Capital Markets & ESG)

 finnCap Ltd                                        +44 (0) 20 7220 0500

 Christopher Raggett / Simon Hicks

 Peel Hunt LLP                                      +44 (0) 20 7418 8900

 Richard Crichton / David McKeown

 Vigo Consulting                                    +44 (0) 20 7390 0230

 Patrick d'Ancona / Finlay Thomson / Oliver Clark

 

About IOG:

 

IOG is a Net Zero UK gas and infrastructure operator focused on high-return
projects. The Company's operations are currently concentrated around its
offshore and onshore Saturn Banks infrastructure in the UK Southern North Sea.
Phase 1 of its Saturn Banks Project, which started production in March 2022,
entails the commercialisation of the Blythe, Elgood and Southwark gas fields
through this infrastructure. Phase 2 of the Saturn Banks Project entails the
Nailsworth, Goddard and Elland gas discoveries, which are subject to future
investment decisions and expected to be commercialised through the same export
infrastructure. The Company also holds further licences with additional assets
including the Abbeydale, Panther and Grafton gas discoveries, the Kelham
North, Kelham Central, Thornbridge and Thornbridge Deep prospects, and part of
the Orrell gas discovery. Currently, all IOG's licences are held 50:50 with
its joint venture partner CalEnergy Resources (UK) Limited and operated by
IOG. In addition, the Company continually evaluates further opportunities for
accretive portfolio additions to help generate additional shareholder returns.
Further details are available at www.iog.co.uk (http://www.iog.co.uk) .

 

 

 

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